Acoustic Sounds Buys Classic Records

By Rich Teer | July 27th, 2010

Chad Kassem’s Acoustic Sounds> has purchased Mike Hobson’s
Classic Records>. Acoustic Sounds bought all of Classic’s
inventory earlier this year, so this news doesn’t come as
a huge shock. Mike Hobson will continue in an advisory
role to Acoustic Sounds to ensure a smooth transition.

This looks like it’s good news: “Hobson always
pushed the envelope to improve Classic’s products
instead of just accepting the current standards. It is
an honour to now own Classic, and I intend to continue
to use the innovations that Classic pioneered and the
high standards they established,” said Kassem.

I just hope that the acquisition means that the supply
of Classic Records’ titles is assured, and that the
prices will fall back to their pre-acquisition levels...